Bonds Annual Disclosure Report 2013MUNICIPAL SECONDARY MARKET DISCLOSURE ANNUAL REPORT COVER SHEET
This Cover Sheet and Annual Report are being filed with the Municipal Securities Rule Making Board through the
Electronic Municipal Market Access ("EMMA") website pursuant to Securities and Exchange Commission Rule
15c2-12(b)(5)(i)(C)and(D).
ISSUER (OBLIGATED PARTY): City of New Hope, Minnesota and the Economic
Development Authority of the City of New Hope
Issue Identification
Date of
Issue
6 -Digit
CUSIP No.
$4,080,000 General Obligation Tax Increment Bonds, Series 2004
04/01/04
645444
$1,370,000 General Obli ation Taxable Tax Increment Bonds, Series 2005A
03/01/05
64544P
$1,850,000 General Obligation Certificates of Indebtedness and Refunding Bonds, Series 2010B
11/23/10
64544P
$3,505,000 Taxable Lease Revenue Bonds (City of New Hope Annual Appropriation Lease
Obligations) (Qualified Energy Conservation Bonds - Direct Payment to Issuer), Series 2011A
12/01/11
645449
$2,695,000 General Obligation Tax Increment Refunding Bonds, Series 2012A
01/11/12
64544P
$1,330,000 General Obligation Taxable Tax Increment Refunding Bonds Series 2012B
01/11/12
1 64544P
Limited Continuing Disclosure Requirements
Date of
Issue
6 -Digit
CUSIP No.
1
$1,580,000 General Obligation Utility Revenue Bonds Series 2010A
5/06/10
64544P
Ehlers & Associates, Inc. has been authorized by the Issuer to distribute this information:
This Annual Report has been prepared and is being provided to the secondary market only in compliance with the contractual agreement of
the Issuer, entered into in accordance with Rule 15c2-12 promulgated by the U.S. Securities and Exchange Commission, to update annually
the following financial information and operating data which was provided in the Final Official Statement relating to the above noted
obligations. The information provided in this Annual Report speaks only as of its date and is subject to change without notice. The delivery
of this Annual Report may not under any circumstances, create an implication that there has been no other change to the information provided
about the Issuer or otherwise in the Final Official Statement. The presentation of information in this Annual Report is intended to show recent
historical information and is not intended to indicate future or continuing trends with respect to the Issuer. The Issuer has not agreed in any
way to notes the secondary market ofsubsequent changes to the information in this Annual Report, other than an undertaking to provide notice
of certain specific material events.
Type of Filing: Electronic
Report Deadline: December 31, 2013
40City of New Hope, Minnesota Date of Report: November 14, 2013
1- Municipal Secondary Market Disclosure Annual Report Page 1
Dissemination Agent
Issuer
Contact Name/Title:
Bruce Kimmel, Financial Advisor
Kirk McDonald, City Manager
Contact Name/Title:
Ginene Schultz, Senior Disclosure
Coordinator
Company:
Ehlers & Associates, Inc.
City of New Hope
Address:
3060 Centre Pointe Drive
Roseville, MN 55113
4401 Xylon Ave N
New Hope, MN 55428-4843
Phone:
(651)697-8500
(763)531-5100
FAX:
(651) 697-0281
(763) 531-5136
Relationship to Issuer:
Financial Advisor
This Annual Report has been prepared and is being provided to the secondary market only in compliance with the contractual agreement of
the Issuer, entered into in accordance with Rule 15c2-12 promulgated by the U.S. Securities and Exchange Commission, to update annually
the following financial information and operating data which was provided in the Final Official Statement relating to the above noted
obligations. The information provided in this Annual Report speaks only as of its date and is subject to change without notice. The delivery
of this Annual Report may not under any circumstances, create an implication that there has been no other change to the information provided
about the Issuer or otherwise in the Final Official Statement. The presentation of information in this Annual Report is intended to show recent
historical information and is not intended to indicate future or continuing trends with respect to the Issuer. The Issuer has not agreed in any
way to notes the secondary market ofsubsequent changes to the information in this Annual Report, other than an undertaking to provide notice
of certain specific material events.
Type of Filing: Electronic
Report Deadline: December 31, 2013
40City of New Hope, Minnesota Date of Report: November 14, 2013
1- Municipal Secondary Market Disclosure Annual Report Page 1
ANNUAL FINANCIAL INFORMATION REPORT UPDATE
CURRENT PROPERTY VALUATIONS
2012/13 Economic Market Value
Real Estate
Personal Property
Total Valuation
Less: Captured Tax Increment Tax Capacity2
Fiscal Disparities Contribution'
Taxable Net Tax Capacity
Plus: Fiscal Disparities Distribution'
Adjusted Taxable Net Tax Capacity
2012/13
Assessor's Estimated
Market Value
$1,326,882,200
9,657,700
$1,336,539,900
$1,380,134,986
According to the Minnesota Department of Revenue, the Economic Market Value (the "EMV") for the City
of New Hope is about 96.9% of the actual selling prices of property most recently sold in the City. The sales
ratio was calculated by comparing the selling prices with the Assessor's Estimated Market Value (the
"AEMV"). Dividing the AEMV of real estate by the sales ratio and adding the AEMV of personal property
and utility, railroads and minerals, if any, results in an EMV for the City of $1,380,134,986.
The captured tax increment value shown above represents the captured net tax capacity of tax increment
financing districts in the City of New Hope.
Each community in the seven -county metropolitan area contributes 40% of the growth in its commercial -
industrial property tax base since 1972 to an area pool which is then distributed among the municipalities
on the basis of population, special needs, etc. Each governmental unit makes a contribution and receives a
distribution --sometimes gaining and sometimes contributing net tax capacity for tax purposes.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 2
2012/13
Net Tax
Capacity
$
15,476,014
188,654
$
15,664,668
(366,752)
(2,255,476)
$
13,042,440
3,448,346
$
16,490,786
According to the Minnesota Department of Revenue, the Economic Market Value (the "EMV") for the City
of New Hope is about 96.9% of the actual selling prices of property most recently sold in the City. The sales
ratio was calculated by comparing the selling prices with the Assessor's Estimated Market Value (the
"AEMV"). Dividing the AEMV of real estate by the sales ratio and adding the AEMV of personal property
and utility, railroads and minerals, if any, results in an EMV for the City of $1,380,134,986.
The captured tax increment value shown above represents the captured net tax capacity of tax increment
financing districts in the City of New Hope.
Each community in the seven -county metropolitan area contributes 40% of the growth in its commercial -
industrial property tax base since 1972 to an area pool which is then distributed among the municipalities
on the basis of population, special needs, etc. Each governmental unit makes a contribution and receives a
distribution --sometimes gaining and sometimes contributing net tax capacity for tax purposes.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 2
TREND OF VALUATIONS
z
3
Levy
Year
2008/09
2009/10
2010/11
2011/12
2012/13
Assessor's
Estimated
Market Value
$1,735,271,200
1,629,433,100
1,504,929,000
1,438,796,300
1,336,539,300
Assessor's
Taxable
Market Value
1,732,235,700
1,625,802,600
1,500,570,100
3
1,329,979,513
1,223,862,183
Net Tax
Capacity'
17,357,938
20,012,449
18,622,288
3
16,851,982
15,664,668
Adjusted
Taxable
Net Tax
Capacity -2
21,179,543
20,180,906
19,007,650
17,132,074
16,490,786
Percent +/- in
Estimated
Market Value
- 0.98%
- 6.10%
- 7.64%
- 4.39%
- 7.11%
Net Tax Capacity is before fiscal disparities adjustments and includes tax increment and power line values.
Taxable Net Tax Capacity is after fiscal disparities adjustments and does not include tax increment or power
line values.
Beginning with taxes 2011/12, a portion of the Estimated Market Value is excluded from the calculation of
Taxable Market Value and Net Tax Capacity for residential homesteads valued at $413,800 or less.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
- Municipal Secondary Market Disclosure Annual Report Page 3
LARGER TAXPAYERS
City's Total 2012/13 Net Tax Capacity $15,664,668
Source: Current Property Valuations, Net Tax Capacity by Classification, Trend of Valuations and Larger
Taxpayers have been furnished by Hennepin County.
' Previously listed as Paddock Laboratories LLC.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 4
Percent of
2012/13
City's Total
Net Tax
Net Tax
Taxpayer
Type of Property
Capacity
Capacity
FLS Properties
Industrial
$ 159,250
1.02%
St. Therese Home Inc.
Apartment
153,138
0.98%
Perrigo Company'
Industrial
151,890
0.97%
Cobalt Industrial Reit II
Industrial
143,850
0.92%
Geneva Management Sery LLC
Industrial
143,250
0.91%
New Hope Distribution Center LLC
Industrial
139,250
0.89%
Minnesota Masonic Home No Ridge
Apartment
133,450
0.85%
Long Ridge Industrial Portfolio
Industrial
132,110
0.84%
Individual
Industrial
128,410
0.82%
New Hope/US Swim Partnership
Commercial
120,190
0.77%
Total
$ 1,404,788
8.97%
City's Total 2012/13 Net Tax Capacity $15,664,668
Source: Current Property Valuations, Net Tax Capacity by Classification, Trend of Valuations and Larger
Taxpayers have been furnished by Hennepin County.
' Previously listed as Paddock Laboratories LLC.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 4
DEBT
DIRECT DEBT'
General Obligation Debt (see schedules following)
Total g.o. debt being paid from revenues $ 825,000
Total g.o. debt being paid from tax increment revenues 4,240,000
Total g.o. debt being paid from revenues and taxes 1,500,000
Total General Obligation Debt $ 6,565,000
Lease Purchase Obligations (see schedule following)
Total EDA lease purchase obligations paid by annual appropriations $ 3,505,000
Outstanding debt is as of October 2, 2013.
City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 5
CITY OF NEW HOPE, MINNESOTA
Schedule of Bonded Indebtedness
General Obligation Debt Being Paid From Revenues
(As of 10/02/13)
1) A portion of this issue refunded the 2011 through 2014 maturities of the City's $2,950,000 General Obligation Utility
Revenue Bonds, Series 1999A, dated May 1, 1999.
Prepared by Ehlers GO Revenues
Utility Revenue 1)
Dated
5/06/10
Amount
$1,580,000
Maturity
2/01
Fiscal Year
Total
Total
Total
Principal
Fiscal Year
Ending
Principal
Interest
Principal
Interest
P & I
Outstanding
% Paid
Ending
2013
0
0
0
0
0
825,000
0.00%
2013
2014
270,000
18,355
270,000
18,355
288,355
555,000
32.73%
2014
2015
75,000
14,905
75,000
14,905
89,905
480,000
41.82%
2015
2016
75,000
13,264
75,000
13,264
88,264
405,000
50.91%
2016
2017
75,000
11,389
75,000
11,389
86,389
330,000
60.00%
2017
2018
80,000
9,205
80,000
9,205
89,205
250,000
69.70%
2018
2019
80,000
6,765
80,000
6,765
86,765
170,000
79.39%
2019
2020
85,000
4,144
85,000
4,144
89,144
85,000
89.70%
2020
2021
85,000
1,381
85,000
1,381
86,381
0
100.00%
2021
825,000
79,409
825,000
79,409
904,409
1) A portion of this issue refunded the 2011 through 2014 maturities of the City's $2,950,000 General Obligation Utility
Revenue Bonds, Series 1999A, dated May 1, 1999.
Prepared by Ehlers GO Revenues
CITY OF NEW HOPE, MINNESOTA
Schedule of Bonded Indebtedness
General Obligation Debt Being Paid From Tax Increment Revenues
(As of 10/02/13)
Prepared by Ehlers GO TIF
Refunding Tx TIF
TIF Tx TIF Series 2012A 1) Series 2012B 2)
Dated
4/01/04 3/01/05 • 1/11/12 1/11/12
Amount
$4,080,000 $1,370,000 $2,695,000 $1,330,000
Maturity
2/01 2/01 2/01 2/01
Fiscal Year
Total
Total
Total
Principal
Fiscal Year
Ending
Principal Interest Principal Interest Principal Interest Principal Interest Principal
Interest
P & I
Outstanding
% Paid
Ending
2013
0 0 0 0 0 0 0 0 0
0
0
4,240,000
0.00%
2013
2014
185,000 53,733 30,000 34,581 0 56,323 0 45,895 215,000
190,531
405,531
4,025,000
5.07%
2014
2015
215,000 54,173 55,000 45,524 270,000
99,696
369,696
3,755,000
11.44%
2015
2016
225,000 49,773 50,000 44,815 275,000
94,588
369,588
3,480,000
17.92%
2016
2017
225,000 45,273 50,000 44,015 275,000
89,288
364,288
3,205,000
24.41%
2017
2018
235,000 40,673 55,000 43,044 290,000
83,716
373,716
2,915,000
31.25%
2018
2019
240,000 35,923 55,000 41,848 295,000
77,770
372,770
2,620,000
38.21%
2019
2020
250,000 31,023 60,000 40,410 310,000
71,433
381,433
2,310,000
45.52%
2020
2021
250,000 26,023 65,000 38,685 315,000
64,708
379,708
1,995,000
52.95%
2021
2022
255,000 20,973 75,000 36,585 330,000
57,558
387,558
1,665,000
60.73%
2022
2023
260,000 15,628 85,000 33,973 345,000
49,600
394,600
1,320,000
68.87%
2023
2024
265,000 9,785 90,000 30,910 355,000
40,695
395,695
965,000
77.24%
2024
2025
275,000 3,369 95,000 27,506 370,000
30,875
400,875
595,000
85.97%
2025
2026
95,000 23,849 95,000
23,849
118,849
500,000
88.21%
2026
2027
105,000 19,894 105,000
19,894
124,894
395,000
90.68%
2027
2028
100,000 15,643 100,000
15,643
115,643
295,000
93.04%
2028
2029
100,000 11,293 100,000
11,293
111,293
195,000
95.40%
2029
2030
100,000 6,743 100,000
6,743
106,743
95,000
97.76%
2030
2031
95,000 2,209 95,000
2,209
97,209
0
100.00%
2031
185,000 53,7331 30,000 34,581 2,695,000 388,934 1,330,000 552,838 4,240,000
1,030,085
5,270,085
1) This issue refunded the 2015 through 2025 maturities of the City's $4,080,000 General Obligation Tax Increment Bonds, Series 2004,
dated April 1, 2004. The City is responsible for paying the debt service on the refunded bonds through February 1, 2014. The escrow
account is responsible for the payment of the debt service on the refunding bonds through February 1, 2014, thereafter, the City will be
responsible for payment of debt service.
2) This issue refunded the 2015 through 2031 maturities of the City's $1,370,000 General Obligation Taxable Tax Increment Bonds, Series
2005A, dated March 1, 2005. The City is responsible for paying the debt service on the refunded bonds through February 1, 2014. The
escrow account is responsible for the payment of the debt service on the refunding bonds through February 1, 2014, thereafter, the City
Prepared by Ehlers GO TIF
CITY OF NEW HOPE, MINNESOTA
Schedule of Bonded Indebtedness
General Obligation Debt Being Paid From Revenues and Taxes
(As of 10/02/13)
1) This issue refunded the 2012 through 2022 maturities of the City's $850,000 General Obligation Storm Sewer Revenue
Bonds, Series 2002A, dated April 1, 2002.
A portion of this issue is subject to the debt limit ($1,245,000 G.O. Equipment Certificate portion).
Prepared by Ehlers 5:47 AMab
Cert. of Indebtedness
& Refunding
1)
Dated
11/23/10
Amount
$1,850,000
Maturity
2/01
Fiscal Year
Total
Total
Total
Principal
Fiscal Year
Ending
Principal
Interest
Principal
Interest
P & I
Outstanding
% Paid
Ending
2013
0
0
0
0
0
1,500,000
0.00%
2013
2014
185,000
31,750
185,000
31,750
216,750
1,315,000
12.33%
2014
2015
190,000
28,000
190,000
28,000
218,000
1,125,000
25.00%
2015
2016
195,000
24,150
195,000
24,150
219,150
930,000
38.00%
2016
2017
195,000
20,250
195,000
20,250
215,250
735,000
51.00%
2017
2018
200,000
16,150
200,000
16,150
216,150
535,000
64.33%
2018
2019
205,000
11,540
205,000
11,540
216,540
330,000
78.00%
2019
2020
205,000
6,415
205,000
6,415
211,415
125,000
91.67%
2020
2021
60,000
2,850
60,000
2,850
62,850
65,000
95.67%
2021
2022
65,000
975
65,000
975
65,975
0
100.00%
2022
1,500,000
142,080
1,500,000
142,080
1,642,080
1) This issue refunded the 2012 through 2022 maturities of the City's $850,000 General Obligation Storm Sewer Revenue
Bonds, Series 2002A, dated April 1, 2002.
A portion of this issue is subject to the debt limit ($1,245,000 G.O. Equipment Certificate portion).
Prepared by Ehlers 5:47 AMab
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NEW HOPE, MINNESOTA
Schedule of Bonded Indebtedness
Non - General Obligation Debt Being Paid From Annual Appropriations
(As of 10/02/13)
1) Gross amount prior to federal subsidy payment.
Prepared by Ehlers EDA Non -GO Annual Appropriation
Tx Lease Rev (QECB)
Series 2011A
Dated
12/01/11
Amount
$3,505,000
Maturity
12/01
Fiscal Year
Total
Total
Total
Principal
Fiscal Year
Ending
Principal
Interest 1)
Principal
Interest
P & I
Outstanding
% Paid
Ending
2013
0
87,625
0
87,625
87,625
3,505,000
0.00%
2013
2014
0
175,250
0
175,250
175,250
3,505,000
0.00%
2014
2016
0
175,250
0
175,250
175,250
3,505,000
0.00%
2016
2016
0
175,250
0
175,250
175,250
3,505,000
0.00%
2016
2017
0
175,250
0
175,250
175,250
3,505,000
0.00%
2017
2018
0
175,250
0
175,250
175,250
3,505,000
0.00%
2018
2019
0
175,250
0
175,250
175,250
3,505,000
0.00%
2019
2020
0
175,250
0
175,250
175,250
3,505,000
0.00%
2020
2021
0
175,250
0
175,250
175,250
3,505,000
0.00%
2021
2022
0
175,250
0
175,250
175,250
3,505,000
0.00%
2022
2023
0
175,250
0
175,250
175,250
3,505,000
0.00%
2023
2024
0
175,250
0
175,250
175,250
3,505,000
0.00%
2024
2026
0
175,250
0
175,250
175,250
3,505,000
0.00%
2026
2026
0
175,250
0
175,250
175,250
3,505,000
0.00%
2026
2027
0
175,250
0
175,250
175,250
3,505,000
0.00%
2027
2028
3,505,000
175,250
3,505,000
175,250
3,680,250
0
100.00%
2028
3,505,000
2,716,375
3,505,000
2,716,375
6,221,375
1) Gross amount prior to federal subsidy payment.
Prepared by Ehlers EDA Non -GO Annual Appropriation
OVERLAPPING DEBT'
2012/13
City's
Taxable Net % In Total
Proportionate
Taxing District Tax Capacity City G.O. Debt
Share
z
Hennepin County $1,369,968,893 1.2037% $686,384,850
8,262,250
I.S.D. No. 281 (Robbinsdale) 84,125,755 19.6025% 158,910,000
31,150,399
3
Metropolitan Council 2,964,890,691 0.5562% 189,450,000
1,053,725
Three Rivers Park District 996,253,340 1.6553% 58,465,000
967,760
City's Share of Total Overlapping Debt
$ 41,434,133
' Only those taxing jurisdictions with general obligation debt outstanding are included in this
section. Does
not include non -general obligation debt, self-supporting general obligation revenue debt, short-term general
obligation debt, or general obligation tax/aid anticipation certificates of indebtedness.
z Hennepin County also has General Obligation Solid Waste Revenue Bonds outstanding which are payable
entirely from the County's solid waste enterprise fund; General Obligation Bonds (Century Plaza Debt)
which are expected to be paid from building rental fees from County departments and non -County tenants;
and General Obligation Ice Arena Revenue Bonds which are expected to be paid from building rental
payments from Augsburg College. These issues have not been included in the overlapping debt or debt
ratios.
3 The above debt includes all outstanding general obligation debt supported by taxes of the Metropolitan
Council. The Council also has general obligation sewer revenue, wastewater revenue, and radio revenue
bonds and lease obligations outstanding all of which are supported entirely by revenues and have not been
included in the Overlapping Debt or Debt Ratios sections.
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 10
DEBT RATIOS
' Debt service on the City's general obligation revenue debt is being paid entirely from revenues and therefore
is considered self-supporting debt. Includes the portion of the City's $1,850,000 General Obligation
Certificates of Indebtedness and Refunding Bonds, Series 2010B payable entirely from revenues ($510,000
remaining).
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
- Municipal Secondary Market Disclosure Annual Report Page 11
Debt/
Current
Debt/Economic
Population
Market Value
Estimate
G.O. Debt
($1,380,134,986)
(20,764)
Direct G.O. Debt Being Paid From:
Revenues
$ 825,000
Tax Increment Revenues
4,240,000
Revenues & Taxes
1,500,000
Total General Obligation Debt
$ 6,565,000
Less: G.O. Debt Paid Entirely from Revenues'
$ (1,335,000)
Tax Supported General Obligation Debt
$ 5,230,000
0.38%
$251.88
City's Share of Total Overlapping Debt
$41,434,133
3.00%
$1,995.48
Total
$46,664,133
3.38%
$2,247.36
' Debt service on the City's general obligation revenue debt is being paid entirely from revenues and therefore
is considered self-supporting debt. Includes the portion of the City's $1,850,000 General Obligation
Certificates of Indebtedness and Refunding Bonds, Series 2010B payable entirely from revenues ($510,000
remaining).
IsCity of New Hope, Minnesota Date of Report: November 14, 2013
- Municipal Secondary Market Disclosure Annual Report Page 11
TAX RATES, LEVIES AND COLLECTIONS
TAX LEVIES AND COLLECTIONS
Property taxes are collected in two installments in Minnesota --the first by May 15 and the second by October 15.3
Mobile home taxes are collectible in full by August 31. Minnesota Statutes require that levies (taxes and special
assessments) for debt service be at least 105% of the actual debt service requirements to allow for delinquencies.
This reflects the Final Levy Certification of the City after all adjustments have been made.
Collections are through December 31, 2012.
3 Second half tax payments on agricultural property are due on November 15th of each year.
City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 12
Net Tax
Total Collected
Collected
Tax Year
Levy'
Following Year
to Date
% Collected
2008/09
8,457,346
8,382,201
$ 8,457,346
100.00%
2009/10
8,753,646
8,647,589
8,753,646
100.00%
2010/11
8,847,586
8,719,181
8,833,784
99.84%
2011/12
9,202,427
9,102,355
9,118,242
99.09%
2012/13
9,571,103
r------------------------------------------------------
i in process of collection
-----------------------------------------------------J
Property taxes are collected in two installments in Minnesota --the first by May 15 and the second by October 15.3
Mobile home taxes are collectible in full by August 31. Minnesota Statutes require that levies (taxes and special
assessments) for debt service be at least 105% of the actual debt service requirements to allow for delinquencies.
This reflects the Final Levy Certification of the City after all adjustments have been made.
Collections are through December 31, 2012.
3 Second half tax payments on agricultural property are due on November 15th of each year.
City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 12
TAX CAPACITY RATES'
Hennepin County
City of New Hope
I.S.D. No. 281 (Robbinsdale)
Hennepin County HRA
Hennepin County RRA
Metropolitan Council
Metropolitan Mosquito
Metropolitan Transit
Park Museum
Three Rivers Park District
Referendum Market Value Rates:
I.S.D. No. 281 (Robbinsdale)
LEVY LIMITS
2008/09
2009/10
2010/11
2011/12
2012/13
40.413%
42.056%
45.187%
48.231%
49.461%
41.342%
45.542%
49.249%
55.196%
58.812%
27.214%
28.621%
34.387%
32.810%
32.374%
0.000%
0.241%
0.397%
0.403%
0.478%
0.380%
1.000%
1.246%
1.294%
1.561%
0.817%
0.793%
0.885%
0.940%
0.997%
0.489%
0.461%
0.525%
0.537%
0.556%
1.273%
1.366%
1.539%
1.607%
1.689%
0.771%
0.778%
0.815%
0.799%
0.754%
3.334%
3.499%
3.765%
3.943%
4.054%
0.22209% 0.22881% 0.23107% 0.27612% 0.29668%
The State Legislature has periodically imposed limitations on the ability of municipalities to levy property taxes. In
2013, the Legislature imposed a one year levy limit on all counties with a population greater than 5,000, and all cities
with a population greater than 2,500. These limitations do not apply to taxes levied to pay debt service. While these
limitations apply for one year, the potential exists for future legislation to limit the ability of local governments to
levy property taxes. All previous limitations have not limited the ability to levy for the payment of debt service on
bonded indebtedness. For more detailed information about Minnesota levy limits, contact the Minnesota Department
of Revenue or Ehlers & Associates.
'After reduction for state aids. Does not include the statewide general property tax against commercial/industrial,
non -homestead resorts and seasonal recreational residential property.
'� City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 13
U.S. CENSUS DATA
Population Trend: City of New Hope, Minnesota
2000 U.S. Census population 20,873
2010 U.S. Census population 20,339
2012 State Demographer's Estimate 20,764
Percent of Change 2000 - 2010 + -2.56%
EMPLOYMENT/UNEMPLOYMENT DATA
Rates are not compiled for individual communities within counties.
Source: Minnesota Department of Employment and Economic Development.
City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 14
Average Employ
Average
Unemployment
Year
Hennepin County
Hennepin County
State of Minnesota
2009
608,577
7.5%
8.0%
2010
604,956
7.0%
7.4%
2011
617,557
6.1%
6.5%
2012
626,125
5.3%
5.6%
2013, August
639,543
4.8%
4.8%
Source: Minnesota Department of Employment and Economic Development.
City of New Hope, Minnesota Date of Report: November 14, 2013
Municipal Secondary Market Disclosure Annual Report Page 14
Ginene Schultz
From: BVl MAN otifications@msrb.org
Sent: Thursday, August 29, 2013 2:15 PM
To: Ginene Schultz
Subject: Published Submission Confirmation
Your Continuing Disclosure Submission has been published.
,%bmissionld: E4475241
Di scl osu re Type: RNANClAUCR3?ATINGRUNGAudited Financial Elatementsor CAM (FU Ie 15c2-12): Audit for the year
ended 12/31/2012
Document Name: Financial Operating Filing dated 08/29/2013
2012 Audit.New Hope.pdf posted 08/29/2013 3:07:19 PM
The following Issuersare associated with this Continuing Disclosure Submission:
CUSP6
Elate
Issuer Name
645444
MN
NEW HOPE M I NN
645449
MN
NEW HOPE MINN B30NOM I C DEV AUTH LEAEE REV
64544P
MN
NEW HOPE M I NN
The following 76 Securities have been published with this Continuing Disclosure Submission:
SJcurity: CUSP-
645444785, Maturity Date -
02/01/2006
SJcurity: CUSP-
6454447S3, Maturity Date-
02/01/2007
SJcurity: CUSP-
6454447T1, Maturity Date-
02/01/2008
SJcurity: CUSP-
6454447U8, Maturity Date
- 02/01/2009
SJcurity: CUSP-
6454447V6, Maturity Date -
02/01/2010
SJcurity: CUSP-
6454447W4, Maturity Date
- 02/01/2011
SJcurity: CUSP-
6454447X2, Maturity Date -
02/01/2012
SJcurity: CUSP-
6454447W, Maturity Date-
02/01/2013
SJcurity: CUSP-
645444727, Maturity Date-
02/01/2014
SJcurity: CUSP-
6454448A1, Maturity Date -
02/01/2015
SJcurity: CUSP-
6454448139, Maturity Date -
02/01/2016
SJcurity: CUSP-
645444807, Maturity Date -
02/01/2017
SJcurity: CUSP-
6454448D5, Maturity Date-
02/01/2018
SJcurity: CUSP-
6454448E3, Maturity Date-
02/01/2019
SJcurity: CUSP-
6454448FO, Maturity Date-
02/01/2020
SJcurity: CUSP-
645444868, Maturity Date
- 02/01/2021
SJcurity: CUSP-
6454448H6, Maturity Date
- 02/01/2022
SJcurity: CUSP-
6454448.2, Maturity Date-
02/01/2023
SJcurity: CUSP-
6454448K9, Maturity Date -
02/01/2024
SJcurity: CUSP-
6454448L7, Maturity Date-
02/01/2025
SJcurity: CUSP-
645449AA7, Maturity Date
- 12/01/2028
Sacurity: CU9P-
64544PAE3, Maturity Date -
02/01/2011
Sacurity: CU9P-
64544PAK9, Maturity Date -
02/01/2016
Sacurity: CU9P-
64544PAS2, Maturity Date -
02/01/2023
Sacurity: CU9P-
64544PBA0, Maturity Date
- 02/01/2031
Sacurity: CU9P-
64544PBK8, Maturity Date -
02/01/2011
Sacurity: CU9P-
64544PBL6, Maturity Date-
02/01/2012
Sacurity: CU9P-
64544PBM4, Maturity Date-
02/01/2013
Sacurity: CU9P-
64544PBN2, Maturity Date
- 02/01/2014
Sacurity: CU9P-
64544PBP7, Maturity Date -
02/01/2015
Sacurity: CU9P-
64544PBQ5, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PBM, Maturity Date-
02/01/2017
Sacurity: CU9P-
64544PBS1, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PBT9, Maturity Date -
02/01/2019
Sacurity: CU9P-
64544PBU6, Maturity Date
- 02/01/2020
Sacurity: CU9P-
64544PBV4, Maturity Date-
02/01/2021
Sacurity: CU9P-
64544PBW2, Maturity Date
- 02/01/2012
Sacurity: CU9P-
64544PBX0, Maturity Date -
02/01/2013
Sacurity: CU9P-
64544PBYB, Maturity Date -
02/01/2014
Sacurity: CU9P-
64544PBZ5, Maturity Date -
02/01/2015
Sacurity: CU9P-
64544PCA9, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PCB7, Maturity Date -
02/01/2017
Sacurity: CU9P-
64544PCC5, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PCD3, Maturity Date
- 02/01/2019
Sacurity: CU9P-
64544PCE1, Maturity Date-
02/01/2020
Sacurity: CU9P-
64544PCF8, Maturity Date-
02/01/2021
Sacurity: CU9P-
64544POG6, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PCH4, Maturity Date-
02/01/2015
Sacurity: CU9P-
64544PCJD, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PCK7, Maturity Date -
02/01/2017
Sacurity: CU9P-
64544PCL5, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PCM3, Maturity Date
- 02/01/2019
Sacurity: CU9P-
64544PCN1, Maturity Date
- 02/01/2020
Sacurity: CU9P-
64544PCF6, Maturity Date -
02/01/2021
Sacurity: CU9P-
64544PCC►.4, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PCP2, Maturity Date -
02/01/2023
Sacurity: CU9P-
64544PCSD, Maturity Date-
02/01/2024
Sacurity: CU9P-
64544PCF8, Maturity Date-
02/01/2025
Sacurity: CU9P-
64544PG1/3, Maturity Date -
02/01/2016
Sacurity: CU9P-
64544PCW1, Maturity Date-
02/01/2017
Sacurity: CU9P-
64544PCX9, Maturity Date -
02/01/2018
Sacurity: CU9P-
64544POYT, Maturity Date-
02/01/2019
Sacurity: CU9P-
64544PCZ4, Maturity Date-
02/01/2020
Sacurity: CU9P-
64544PDA8, Maturity Date
- 02/01/2021
Sacurity: CU9P-
64544PDB6, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PDC4, Maturity Date
- 02/01/2023
Sacurity: CU9P-
64544PDD2, Maturity Date
- 02/01/2024
Sacurity: CU9P-
64544PDE0, Maturity Date -
02/01/2025
Sacurity: CU9P-
64544PDF7, Maturity Date -
02/01/2026
Sacurity: CU9P-
64544PDG5, Maturity Date
- 02/01/2027
Sacurity: CU9P-
64544PDH3, Maturity Date
- 02/01/2028
Sacurity: CU9P-
64544PDJ0, Maturity Date-
02/01/2029
Sacurity: CU9P-
64544PDK6, Maturity Date-
02/01/2030
Q
Sacurity: CUSP- 64544PDL4, Maturity Date - 02/01/2031
Sacurity: CUBP- 64544PDM2, Maturity Date- 02/01/2016
Sacurity: CUBP- 64544PDN0, Maturity Date- 02/01/2016
Rease follow the link to view this submission:
http://emma.msrb.org/ Conti nui ngDisdosureVew/ Conti nuingDisdosureDetaiIs.aspx?submissionld=EA475241
Rease follow the link to make changes to t his submission:
htt p:/ / emma. msrb.org/ Sibmi ssi on/ Cont i n u i ngDi sd osureTypeSal ect .aspx?si d=EA475241
RFAEEDO NOT RELY This is a system -generated e-mail. If you need assistance please contact the M ,9;B at 703-797-
6668 or you may obtain more information at www.msrb.org.
Ginene Schultz
From: BVl MAN otifications@msrb.org
Sent: Thursday, November 14, 2013 11:45 AM
To: Ginene Schultz
Subject: Published Submission Confirmation
Your Continuing Disclosure Submission has been published.
,%bmissionld: E8587653
DisdosureType: RNANClAUOPEFZA-nNGRUNGAnnA Financial Information and Operating Data (F;ble 15c2-12): Annual
Fbport for t he year ended 12/ 31 / 2012
Document Name: Financial Operating Filing dated 11/14/2013
Annual Report . New Hope. pdf posted 11/14/2013 12: 35:08 PM
The following Issuers are associated with this Continuing Disclosure Submission:
CUSP6
Elate
Issuer Name
645444
MN
NEW HOPE M I NN
645449
MN
NEW HOPE MINN B30NOM I C DEV AUTH LEAEE REV
64544P
MN
NEW HOPE M I NN
The following 77 Securities have been published with this Continuing Disdosure Submission:
Security: CUSP-
645444785, Maturity Date -
02/01/2006
Security: CUSP-
6454447S3, Maturity Date-
02/01/2007
Security: CUSP-
6454447T1, Maturity Date-
02/01/2008
Security: CUSP-
6454447U8, Maturity Date
- 02/01/2009
Security: CUSP-
6454447V6, Maturity Date -
02/01/2010
Security: CUSP-
6454447W4, Maturity Date
- 02/01/2011
Security: CUSP-
6454447X2, Maturity Date -
02/01/2012
Security: CUSP-
6454447W, Maturity Date-
02/01/2013
Security: CUSP-
645444727, Maturity Date-
02/01/2014
Security: CUSP-
6454448A1, Maturity Date -
02/01/2015
Security: CUSP-
6454448139, Maturity Date -
02/01/2016
Security: CUSP-
645444807, Maturity Date -
02/01/2017
Security: CUSP-
6454448D5, Maturity Date-
02/01/2018
Security: CUSP-
6454448E3, Maturity Date-
02/01/2019
Security: CUSP-
6454448FO, Maturity Date-
02/01/2020
Security: CUSP-
645444868, Maturity Date
- 02/01/2021
Security: CUSP-
6454448H6, Maturity Date
- 02/01/2022
Security: CUSP-
6454448.2, Maturity Date-
02/01/2023
Security: CUSP-
6454448K9, Maturity Date -
02/01/2024
Security: CUSP-
6454448L7, Maturity Date-
02/01/2025
Security: CUSP-
645449AA7, Maturity Date
- 12/01/2028
Sacurity: CU9P-
64544PAE3, Maturity Date -
02/01/2011
Sacurity: CU9P-
64544PAK9, Maturity Date -
02/01/2016
Sacurity: CU9P-
64544PAS2, Maturity Date -
02/01/2023
Sacurity: CU9P-
64544PBA0, Maturity Date
- 02/01/2031
Sacurity: CU9P-
64544PBK8, Maturity Date -
02/01/2011
Sacurity: CU9P-
64544PBL6, Maturity Date-
02/01/2012
Sacurity: CU9P-
64544PBM4, Maturity Date-
02/01/2013
Sacurity: CU9P-
64544PBN2, Maturity Date
- 02/01/2014
Sacurity: CU9P-
64544PBP7, Maturity Date -
02/01/2015
Sacurity: CU9P-
64544PBQ5, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PBM, Maturity Date-
02/01/2017
Sacurity: CU9P-
64544PBS1, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PBT9, Maturity Date -
02/01/2019
Sacurity: CU9P-
64544PBU6, Maturity Date
- 02/01/2020
Sacurity: CU9P-
64544PBV4, Maturity Date-
02/01/2021
Sacurity: CU9P-
64544PBW2, Maturity Date
- 02/01/2012
Sacurity: CU9P-
64544PBX0, Maturity Date -
02/01/2013
Sacurity: CU9P-
64544PBYB, Maturity Date -
02/01/2014
Sacurity: CU9P-
64544PBZ5, Maturity Date -
02/01/2015
Sacurity: CU9P-
64544PCA9, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PCB7, Maturity Date -
02/01/2017
Sacurity: CU9P-
64544PCC5, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PCD3, Maturity Date
- 02/01/2019
Sacurity: CU9P-
64544PCE1, Maturity Date-
02/01/2020
Sacurity: CU9P-
64544PCF8, Maturity Date-
02/01/2021
Sacurity: CU9P-
64544POG6, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PCH4, Maturity Date-
02/01/2015
Sacurity: CU9P-
64544PCJD, Maturity Date-
02/01/2016
Sacurity: CU9P-
64544PCK7, Maturity Date -
02/01/2017
Sacurity: CU9P-
64544PCL5, Maturity Date-
02/01/2018
Sacurity: CU9P-
64544PCM3, Maturity Date
- 02/01/2019
Sacurity: CU9P-
64544PCN1, Maturity Date
- 02/01/2020
Sacurity: CU9P-
64544PCF6, Maturity Date -
02/01/2021
Sacurity: CU9P-
64544PCC►.4, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PCP2, Maturity Date -
02/01/2023
Sacurity: CU9P-
64544PCSD, Maturity Date-
02/01/2024
Sacurity: CU9P-
64544PCF8, Maturity Date-
02/01/2025
Sacurity: CU9P-
64544PCU5, Maturity Date-
02/01/2015
Sacurity: CU9P-
64544PG1/3, Maturity Date -
02/01/2016
Sacurity: CU9P-
64544PCW1, Maturity Date-
02/01/2017
Sacurity: CU9P-
64544PCX9, Maturity Date -
02/01/2018
Sacurity: CU9P-
64544POYT, Maturity Date-
02/01/2019
Sacurity: CU9P-
64544PCZ4, Maturity Date-
02/01/2020
Sacurity: CU9P-
64544PDA8, Maturity Date
- 02/01/2021
Sacurity: CU9P-
64544PDB6, Maturity Date
- 02/01/2022
Sacurity: CU9P-
64544PDC4, Maturity Date
- 02/01/2023
Sacurity: CU9P-
64544PDD2, Maturity Date
- 02/01/2024
Sacurity: CU9P-
64544PDE0, Maturity Date -
02/01/2025
Sacurity: CU9P-
64544PDF7, Maturity Date -
02/01/2026
Sacurity: CU9P-
64544PDG5, Maturity Date
- 02/01/2027
Sacurity: CU9P-
64544PDH3, Maturity Date
- 02/01/2028
Sacurity: CU9P-
64544PDJ0, Maturity Date-
02/01/2029
Q
Sacurity: CUBP-
64544PDK6, Maturity Date- 02/01/2030
Sacurity: CUBP-
64544PDL4, Maturity Date - 02/01/2031
Sacurity: CUBP-
64544PDM2, Maturity Date- 02/01/2016
Sacurity: CUBP-
64544PDN0, Maturity Date- 02/01/2016
Rease follow the link to view this submission:
http://emma.msrb.org/ Conti nui ngDisdosureVew/ Conti nuingDisdosureDetaiIs.aspx?submissionld=X87653
Rease follow the link to make changes to t his submission:
htt p:/ / emma. msrb.org/ Sibmi ssi on/ Cont i n ui ngDi sd osureType,'3al ect .aspx?sid=X87653
RFAEEDO NOT RELY This is a system -generated e-mail. If you need assistance please contact the M ,9;B at 703-797-
6668 or you may obtain more information at www.msrb.org.
Ginene Schultz
From: BVl MAN otifications@msrb.org
Sent: Wednesday, November 13, 2013 1:55 PM
To: Ginene Schultz
Subject: Published Submission Confirmation
Your Continuing Disclosure Submission has been published.
,%bmissionld: BR587152
DisdosureType: RNANClAUOP3?A-nNGRUNG
Budget: Budget for the year ended 12/31/2013
Document Name: Rnancial Operating Rlingdated 11/13/2013
BUDGET 2013 New Hope. pdf posted 11/13/20132:47:28 PM
The following Issuers are associated with this Continuing Disdosure Sibmission:
CUSP6 Elate Issuer Name
64544P MN NEW HOPE M I NN
The following 11 Securities have been published with this Continuing Disclosure Submission:
SJcurity: CUSP-
64544PBKB, Maturity Date -
02/01/2011
SJcurity: CUSP-
64544PBL6, Maturity Date-
02/01/2012
SJcurity: CUSP-
64544PBM4, Maturity Date-
02/01/2013
SJcurity: CUSP-
64544PBN2, Maturity Date
- 02/01/2014
Security: CUSP-
64544PBP7, Maturity Date -
02/01/2015
Security: CUSP-
64544PBQ5, Maturity Date-
02/01/2016
Security: CUSP-
64544PBR3, Maturity Date-
02/01/2017
Security: CUSP-
64544PBS1, Maturity Date-
02/01/2018
Security: CUSP-
64544PBT9, Maturity Date -
02/01/2019
Security: CUSP-
64544PBU6, Maturity Date
- 02/01/2020
Security: CUSP-
64544PBV4, Maturity Date-
02/01/2021
Rease follow the link to view this submission:
htt p:// emma.msrb.org/ Conti nui ngDisdosureV ew/ Conti nui ngDisclosureDetaiIs.aspx?submissionld=BF;587152
Rease follow the link to make changes to t his submission:
htt p:/ / emma. msrb.org/ Sibmi ssi on/ Conti nui ngDi sd osureTypeSrl ect .aspx?§d=BF,587152
RFAScDO NOT RELY This is a system -generated e-mail. If you need assistance please contact the MS;B at 703-797-
6668 or you may obtain more information at www.msrb.org.